MSTR

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.023%

Price spread now: Vest against Coinbase International+0.084%7-day average −0.737% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.125%−$12 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.084%, 7d avg −0.737%

Together, before fees−0.148%+ Points / potential airdropVest: Active · farm board−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Vest is 0.821% dearer against Coinbase International than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of −0.737%): +$82 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9 months. At the pace of the last 4 days (−0.125% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MSTR-PERP-INTX	165.89	0.0056	pay 0.0007% / 1h	49m 57s	$1.4M	$354K	10x
Short	Vest MSTR-USD-PERP	166.03	0.0046	get 0.0006% / 1h	49m 57s	—	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee VestbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$2.17
Price spread: +0.084% → −0.737%: $82.11
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: $67.95
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 2 min ago; Vest: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 2 min ago	5.43 bp	10.4 bp −$10	14.1 bp −$141	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MSTR on 32 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MSTR_USDT	0.0000%	8h	165.84	−0.030%	$4.9M	$17.0M	50x	as long as short
Bitget MSTRUSDT	0.0000%	8h	165.57	−0.193%	$32.2M	$102.9M	25x	as long as short
Phemex MSTRUSDT	0.0000%	4h	165.69	−0.121%	$2.8M	$85K	10x	as long as short
Lighter MSTR	+0.0032%	1h	165.64	−0.151%	$3.5M	$1.7M	10x	as long as short
Extended MSTR_24_5-USD	+0.0032%	1h	165.50	−0.235%	$1.0M	$2.4M	10x	as long as short
Injective MSTR/USDC PERP	+0.0033%	1h	165.22	−0.404%	$7K	$28K	30x	as long as short
Vest MSTR-USD-PERPshort	+0.0046%	1h	166.03	+0.084%	—	$1.7M	25x
Polymarket Perps MSTR-USD	+0.0050%	1h	165.91	+0.012%	$388K	$2.4M	10x	as long as short
SoDEX MSTR-USD	+0.0050%	1h	165.81	−0.048%	$44K	$3K	10x	as long as short
Ondo Perps MSTR-USD.P	+0.0050%	1h	165.93	+0.024%	$852K	$3.3M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MSTR-USD	+0.0054%	1h	165.90	+0.006%	$1.3M	$5.7M	10x	as long as short
Coinbase International MSTR-PERP-INTXlong	+0.0056%	1h	165.89	long leg	$1.4M	$354K	10x
Nado MSTR-PERP	+0.0076%	1h	166.00	+0.064%	$127K	$126K	3x	as long as short
Paradex MSTR-USD-PERP	+0.0086%	8h	165.85	−0.022%	$66	—	5x	as long as short
Pacifica MSTR	+0.0100%	1h	165.83	−0.039%	$101K	$64K	10x	as long as short
KuCoin MSTRUSDTM	+0.0100%	8h	165.77	−0.072%	$2.3M	$2.8M	20x	as long as short
ApeX Omni MSTRUSDT	+0.0100%	1h	166.22	+0.199%	$6K	$151K	50x	as long as short
Orderly PERP_MSTR_USDC_mythos	+0.0100%	8h	165.83	−0.036%	$2K	$11K	10x	as long as short
Aevo MSTR-PERP	+0.0104%	1h	165.78	−0.068%	$138	$100	10x	as long as short
Bybit MSTRUSDT	+0.0156%	8h	165.59	−0.181%	$16.6M	$37.7M	50x	as long as short
tradeXYZ xyz:MSTR	+0.0234%	1h	165.53	−0.217%	$54.7M	$33.5M	10x	as long as short
OKX MSTR-USDT-SWAP	+0.0254%	8h	165.55	−0.205%	$21.8M	$79.6M	50x	as long as short
Aster MSTRUSDT	+0.0267%	8h	165.73	−0.097%	$1.8M	$6.3M	50x	as long as short
Phoenix MSTR	+0.0308%	1h	166.28	+0.233%	$56K	$213K	10x	as long as short
Variational Omni MSTR	+0.0352%	8h	165.97	+0.049%	$1.2M	$1.6M	—	as long as short
Binance MSTRUSDT	+0.0446%	8h	165.69	−0.118%	$86.6M	$516.6M	50x	as long as short
GRVT MSTR_USDT_Perp	+0.0450%	8h	166.43	+0.324%	$87K	$941K	10x	as long as short
RISEx MSTR/USDC	+0.0459%	1h	166.01	+0.074%	$274K	$349K	10x	as long as short
edgeX MSTRUSDC	+0.0579%	4h	166.39	+0.301%	$51K	$4.5M	10x	as long as short
BloFin MSTR-USDT	+0.0582%	8h	165.97	+0.048%	$1.1M	$2.0M	20x	as long as short
Deribit MSTR_USDC-PERPETUAL	+0.0716%	1h	165.87	−0.012%	$282K	$184K	10x	as long as short
Arcus MSTR-USD	+0.0803%	1h	166.03	+0.084%	$26K	$63K	10x	as long as short